diff --git a/scripts/sql/32002500_global-tag-v2.down.sql b/scripts/sql/32002500_global-tag-v2.down.sql
new file mode 100644
index 0000000000..9cb81f17c4
--- /dev/null
+++ b/scripts/sql/32002500_global-tag-v2.down.sql
@@ -0,0 +1,13 @@
+BEGIN;
+
+-- Revert column type change
+ALTER TABLE global_tag
+ALTER COLUMN mandatory_project_ids_csv TYPE VARCHAR(100)
+    USING mandatory_project_ids_csv::VARCHAR(100);
+
+-- Drop columns deployment_policy and value_constraint_id
+ALTER TABLE global_tag
+DROP COLUMN IF EXISTS deployment_policy,
+    DROP COLUMN IF EXISTS value_constraint_id;
+
+COMMIT;
\ No newline at end of file
diff --git a/scripts/sql/32002500_global-tag-v2.up.sql b/scripts/sql/32002500_global-tag-v2.up.sql
new file mode 100644
index 0000000000..8c666c3d4f
--- /dev/null
+++ b/scripts/sql/32002500_global-tag-v2.up.sql
@@ -0,0 +1,13 @@
+BEGIN;
+
+-- Alter Table: global_tag; Add columns deployment_policy and value_constraint_id
+ALTER TABLE global_tag
+    ADD COLUMN IF NOT EXISTS deployment_policy VARCHAR(50) DEFAULT 'allow' NOT NULL,
+    ADD COLUMN IF NOT EXISTS value_constraint_id INT;
+
+-- Change column type to TEXT if it is not already TEXT
+ALTER TABLE global_tag
+ALTER COLUMN mandatory_project_ids_csv TYPE TEXT
+    USING mandatory_project_ids_csv::TEXT;
+
+COMMIT;
\ No newline at end of file